We recently sat down with Scott Morrill, owner and head talent buyer at Cervantes Masterpiece Ballroom and The Other Side in Denver, CO to discuss the music scene, how he got involved in working in the industry, some of his favorite musical moments over the years, and the recent acquisition of Fort Collins venues Hodi’s Half Note and The Aggie Theatre. Colorado has such a vibrant music scene, we wanted to get the inside scoop from someone on the inside.L4LM: What was the show that you saw, as a fan, that gave you that “this is IT” moment?SM: There were several shows that I saw that made me realize I needed to be around music my whole life, but one that comes to mind is a late night show at Jazzfest in 2000 with Soulive at the House of Blues Parish Room. I was with four of my best friends and we had no tickets and it was sold out. We ran into Sam Kininger (former sax player for Soulive/Lettuce) outside the venue and told him we were big fans and didn’t have any tickets. He didn’t know us at all but ended up hooking us up with two tickets and then we found two more out front and were in. It was my first time seeing them live and the energy they had going in that room was ridiculous. We all couldn’t stop smiling and it was one of those moments that I said to myself, “Someday I want to make as many people as possible have this feeling that I’m having.”L4LM: Who were some of your favorite acts growing up?SM: My first concert was Michael Jackson with my parents at Mile High Stadium when I was 7. I, of course, loved Michael Jackson as a kid. But as I got to middle school I listened to all classic rock, the typical artists that everyone passed around – Led Zeppelin, Pink Floyd, The Doors, The Beatles, Janis Joplin, Jimi Hendrix, Grateful Dead. Then I got to high school and listened to lots of hip-hop. I was a freshman in 1990, so I was listening to Dr Dre, A Tribe Called Quest, Pharcyde, Digable Planets, De La Soul, and quite a bit of gangsta rap. I knew all the words to NWA, Ice Cube, Easy E, etc. When I got to college, I started getting into jam and funk. I saw a bunch of Widespread Panic and Phish and then Galactic, Soulive, moe., Yonder Mountain String Band, etc…Soulive “El Ron” Live at Cervantes 8/22/08:[courtesy of MoBoogie]L4LM: How did you get involved in the music industry? What was your first job?SM: I went into commercial real estate out of college and was a financial analyst for five years, but always had music on my mind. I was able to take out a second mortgage on my house to start Cervantes. So my first job was everything, really. I helped with the bar, made the posters, did lights and sound, hospitality for bands, and gradually got into talent buying.L4LM: What are the Top 5 favorite shows that you have booked?SM: Soulive was my first big show I booked the first year Cervantes was open and will always be one of my favorites. After that, there have been so many but a few of my favorites would be Pretty Lights, Greensky Bluegrass, Lettuce and Fruition for my birthday last year was amazing. Those all being at Cervantes. I also book Sonic Bloom Festival and Arise which have definitely been some of my favorite musical experiences with so many different bands. I also would have to say Tipper at Red Rocks for my first official show there as a promoter. That was a very special experience. Hard to pick 5!Tipper w/ Android Jones at Red Rocks 2015:[courtesy of bigeyedphish79]L4LM: A lot of folks don’t see all of the behind the scenes work that goes into putting on even just one show, let alone a full year’s worth of shows to fill a venues calendar. Tell us a little about the process and the team that takes care of it all….SM: The team at Cervantes has grown organically over the years and has become something that we are all very proud of. It’s really more of a family than a team. Each show could be broken down into booking, promotion and production. Our booking team consists of Adam Stroul and myself, who are the head buyers, and Hunter Stevens and Dave Halchak who are assistant buyers. After a show is booked it goes to our Marketing Director Diana Azab, who wears several hats and is assisted by Cris Bachman and Jamie Jay. They make sure the show is properly promoted through every outlet possible. Then when it comes down to executing the show, we have our Production Manager, Trent Hufford, handle all the logistics and our General Manager, Matt Greer, there to handle day of show communication and settlements with the band. I feel very fortunate to have a staff who cares so much about Cervantes.L4LM: There is a pretty happening scene in the greater Denver area, and out in Colorado, in general. What do you attribute that to?SM: Well, I think the scene continues to get better each year because we have more and more music lovers moving to Colorado. Colorado offers so many things that are very attractive to twenty-somethings that have just graduated college, or looking for a change from their current environment. Now that we have a reputation for having one of the best music scenes in the country, it is only going to get better. Musicians and fans want to live somewhere they can thrive and Colorado is arguably the best in the nation.L4LM: Cervantes recently purchased The Aggie Theatre and Hodi’s Half Note up in Fort Collins, aka “Fort Fun”, in the last year or so. Fort Collins is a beautiful town, and home to Colorado State University. How important was that acquisition on your end?I think it was a very important acquisition. It allows us to offer bands another market to play when they are routing through Colorado. I think it’s very important for bands to play different markets when they come through Colorado to expose themselves to as many fans as possible. This will only help them grow their overall Colorado fan base to someday play bigger venues in the state such as Red Rocks.Sonic Bloom 2016 Recap:[courtesy of Electronic Colorado]L4LM: Do you think there is over-saturation of the market right now? It seems like there is almost too many shows to choose from. Is that a good or bad thing?SM: I think that as long as the vast majority of the shows are successful that it isn’t over-saturated. It is pretty amazing how many shows we can have in this state compared to ten years ago, or even five years ago. I think the variety of shows to choose from contributes to our music scene and makes it more attractive for fans and musicians to move here. Hopefully the fans can keep up with all the new venues and shows. There is only one way to find out!L4LM: What upcoming shows at Cervantes/Aggie/Hodi’s are you most excited for?SM: So many great shows coming up! Check out Cervantes and Aggie websites for all upcoming shows. We are having Moon Taxi for the first time at The Aggie on Dec. 1st and Cervantes on Dec. 2nd and 3rd the latter of which are dual room shows with Joey Porter’s Shady Business on The Other Side. The Marcus King Band plays Hodi’s Half Note on Nov. 30th. The Travelin’ McCourys are coming through for a run of shows and doing Aggie on Dec. 8th and Cervantes on De.c 10th. Elephant Revival are playing Aggie on Dec. 9th and they are a band that I go way back with and played, I think, their first gig in Denver at Cervantes opening for Railroad Earth back in the day. New Years will be awesome too with Stick Figure in the Ballroom and DeadPhish Orchestra w/ Cycles in The Other Side.L4LM: Thanks so much for sharing with us, Scott. We’ll see you out at Cervantes soon!For information and upcoming shows at Cervantes/Other Side, click here.For information and upcoming shows at The Aggie Theatre, click here.For information and upcoming shows at Hodi’s Half Note, click here.
The course that Prescott, AZ-based jammers Spafford have charted for themselves over the past few years is on another level. The quartet has worked hard and put in the time, going from support gigs playing in front dozens of people to now packing out some of the most well-known venues around the country, including their recent shows at NYC’s Brooklyn Bowl and Burlington’s Higher Ground.Coming off the East Coast leg of their fall tour, Spafford is prepared to make a triumphant return to Fort Collins, Colorado, on Friday, November 10th, with Soule Monde. Having played the inaugural sold-out Canyon Jam at the Mishawaka Amphitheatre and Hodi’s Half Note earlier this year, Spafford will move down the block from Hodi’s for their first headlining performance at larger, sister-venue the Aggie Theatre (purchase tickets here).Spafford Shares Pro-Shot “Ain’t That Wrong” With JJ Grey Jam SandwichSpafford Pays Tribute To Tom Petty With Three Cover Debuts [Full Audio/Video]2017 has been a breakout year for Spafford, with high-profile festival performances at Summer Camp, Electric Forest, The Werk Out, Canyon Jam, and an epic Phish Baker’s Dozen late-night performance at BB King’s in New York City. The group also recently released Abaculus: An Improvisational Experience, an album that saw the quartet going back to their roots and laying into an hourlong jam session in the studio. With no verbal or visual communication and, most importantly, no expectations, Abaculus is a master course in beautiful peaks and valleys, natural movement, group continuity, and profound inspiration. Take a listen below:Trey Anastasio Band members Russ Lawton (drums) and Ray Paczkowski (B3 Hammond/keys) and their Avante-funk project Soule Monde have been exploring the space of sound for several years now. Earlier this year, the group released Must Be Nice, an album full of hybrid sounds with tons of deep rhythms and gorgeous melodies. However, their live shows are truly where the duo comes alive, consistently delivering a deep pocket with plenty of room for jazz-based improvisational grooves and showcasing Lawton and Paczkowski’s deep musical connection.Soule Monde, “Take My Hand”[via VPR]Tickets for the Aggie Theatre show on Friday, Nov. 10th are currently on-sale and can be purchased here. For show updates and additional information, join the Facebook Event page.[cover photo courtesy of Patrick Hughes]Enter To Win A Pair Of Tickets Below!
April 1, 2004 Regular News Pariente to lead court Pariente to lead court In the 1970s, she was one of South Florida’s pioneering women trial lawyers in a profession then almost entirely controlled by men. In 1997, she became only the second woman justice named to the Florida Supreme Court.Barbara J. Pariente, 55, advanced that career to the highest judicial office in state government March 17 when the members of the Florida Supreme Court announced that they had unanimously elected her chief justice for a two-year term beginning July 1.Pariente will be Florida’s 51st chief justice since statehood was granted in 1845 and only the second woman to lead the Florida State Courts.She takes office on a day historic for yet another reason: July 1 is the day when, under a 1998 constitutional amendment, funding for the state courts will be largely unified within the state budget. This replaces an earlier funding system in which county governments picked up a substantial part of the bill.“Of course, the first priority of my administration necessarily will be to ensure that the shift to unified funding goes as smoothly as possible with minimum disruption to what already is an outstanding trial court system,” Pariente said. “That is why, instead of being sworn in on July 1, I intend to join with my predecessor that day to honor the many judges, staff members, and others who have worked so hard over so many years on such a monumental shift in the State Courts’ operations.”Pariente will take the oath of office at an official “Passing of the Gavel” ceremony that will be held the morning of July 2. She replaces current Chief Justice Harry Lee Anstead.Other issues on the future chief justice’s agenda include an interest that has spanned her entire career — her passionate concern for assisting families and children in the courts. Since joining the Supreme Court, Pariente has worked with or led a number of committees and projects concerned with the legal needs of families, children who come to courts on juvenile or other matters, and successful alternatives to incarceration such as treatment-based drug courts that have aided families in getting help for addictions.“Families are the basis of our communities and the most important part of most everyone’s life,” Pariente said. “But sometimes troubled families can be genuinely helped by court processes that take into account the multitude of the family’s underlying problems.”Pariente is actively working to promote the concept of a unified family court based on management techniques adapted from private-sector models and promoted by organizations like the National Center for State Courts. These techniques include using case managers to coordinate cases and ensure that they progress at a reasonable rate, as well as more intensive management of more complex cases. The unified family court managers also help ensure that a single family’s cases are heard by the same judge to minimize conflicting results.“In a phrase, the unified family court ensures that the lines of communication between the court, the family, and the community do not fail,” she said. “This is important because a single family may have one member with an addiction problem, another with a juvenile problem, and other problems such as domestic violence or the need to place children into temporary state care. In the past, these different aspects of a single family’s overall problems were not always well coordinated.”The unified family courts already in place in Florida have demonstrated that they can be far more efficient both in terms of the use of judicial resources and impact on the quality of life of the family itself, Pariente said.“But it is important to understand,” she added, “that the unified family court is not a specialized or separate court but rather a method for judges and their staffs to better handle cases involving families and children.”With an undergraduate degree in communications, Pariente also plans to work during her administration to improve communications between all three branches of government.Justice Pariente was born in New York, New York. She graduated from Boston University in 1970. She then attended George Washington University Law School, graduating in 1973 and then moving to Florida.Pariente is married to Judge Frederick A. Hazouri of the Fourth District Court of Appeal in West Palm Beach. Together, they have three grown children and six grandchildren.
1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr There’s something magical about the cinema. The soundtrack. The special effects. It all can take you away to a special place where you lose track of time.Would they ever make a movie about your work? About what you do?Seems unlikely, right?Not many of us were part of Olympic history. (Miracle) Few of us were homeless before becoming wildly successful. (The Pursuit of Happiness)Most of us simply go to work and give it our best. They don’t make films about that.But they do. If you ever get the chance, please watch Jiro Dreams of Sushi.It follows Jiro Ono in his quest to make perfect sushi. From the selection of the fish, to the preparation, to the presentation – he pushes himself to improve. And yes, he admits that he dreams of making sushi. continue reading »
5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Patti Hazlett As Director of Corporate Communications for the Mountain West Credit Union Association, Patti oversees all aspects of public affairs and communications for the Association and member credit unions. She is … Web: https://mwcua.com Details We are quickly heading into the holiday season. With that comes the barrage of advertising and other messages that encourage spending, and overspending. Credit cards, lay-away and other offers make it tempting and easy to spend more than people have. Couple that with constant sales emails, special shopping days, social media promotions, and free shipping – and the messages are mesmerizing. Without careful planning, members can overstretch their budgets and quickly get into trouble. But, as your members’ best financial partner, you can be a voice of calm this season, using your social media and other communications tools to help prevent financial disaster.Budgeting tips – there is still time to help your members remember basic budgeting tips. Encourage saving between now and the official start of the holidays to encourage using cash and not credit for gifts. You can use your credit union’s blog or Facebook to post an article, or link a series of tips to the article via Twitter, Instagram or Pinterest. These reminders can help members stay focused and, perhaps keep them from derailing from their budgets.Skip-a-Payment programs – Credit unions that offer this member benefit should utilize all their social media channels to promote it. By giving your members the option of skipping a loan payment, you are helping them free up money for the holidays they might not have otherwise, and thus, possibly prevent them from using credit cards or other options that will hurt their budgets.Short-term personal loans – similar to skip-a-payment, if your credit union offers a small dollar amount loan around the holidays, promote, promote, promote it! Giving your members an alternative to payday lenders is a huge benefit and allows them to access the money they need during the holidays without the long-term payment issues of payday lenders. Alternatives to “big-dollar” gifts – use your credit union’s blog, or Facebook to promote fun alternatives, or budget-friendly gift ideas. There are plenty of ideas out there to tap into. You can work with a DIYer to post ideas for making items like bath salts, sugar scrubs, cookies or other craft ideas that will give your members options for gifts that will be well-received without breaking the bank.Financial seminars – use this time to promote any upcoming financial seminars your credit union might be offering. If your members are thinking ahead, and planning to attend one of these classes, it may help them stay on task and get the next year off to a better start.Your credit union’s social media channels are a tremendous tool to help keep members on track during the holidays. There are a lot of messages out there urging them to spend money they may not have. Make your message the one voice of reason that helps them stay on the path to financial security.
The Indonesian automotive industry remains attractive for current and future investment in the region with low labor costs and favorable production growth, Fitch Solutions has stated.According to Fitch Solutions Autos Production Risk/Reward Index (RRI), the low cost of labor remains Indonesia’s main key strength, reflected in the average wages score of 83.9 out of a possible 100.In general, Indonesia’s score has slightly increased to 58.4 from 54.1 in the previous quarter, making it the eighth-most attractive country for automakers in the region and 23rd worldwide. “This means that the country still ranks in the top-10 most attractive destinations for automakers to begin or maintain vehicle manufacturing operations in the Asian region and 23rd globally,” Fitch Solutions stated in its commentary published on May 22.Car sales have been severely hit by the COVID-19 pandemic, falling drastically by 90 percent year-on-year (yoy) to 7,871 cars in April, the worst decline in decades, according to the Association of Indonesian Automakers (Gaikindo).However, Fitch Solutions research shows that Indonesia still provides attractive growth opportunities for new and existing automakers, scoring 73.2 out of 100 on its vehicle production growth indicator based on the firm’s five-year average forecast.The score is higher than the Asia average regional score of 50.5 on the same indicator. Kukuh Kumara, Gaikindo secretary general, said that Indonesia was attractive because 1.5 million autoworkers in the country qualified as skilled workers, promising productivity at a lower input cost.“We remain attractive and this is especially true if we talk about ASEAN [the Association of Southeast Asian Nations],” Kukuh told The Jakarta Post in a phone interview on Wednesday.The minimum monthly wage for autoworkers in Jakarta has increased by 9.6 percent to Rp 5.4 million (US$367.10) this year from 2019, as stipulated in Gubernatorial Regulation No. 10/2020. It is higher than Jakarta’s provincial minimum wage of Rp 4.3 million.With automakers shutting factories and furloughing employees, Gaikindo has slashed its domestic car sales target accordingly by 40 percent to 600,000 cars.It has also lowered its export target by more than half to 175,000 cars from between 350,000 and 400,000 cars.Kukuh also warned that the auto industry stakeholders still had to pay attention to the entire supply chain for the continuation of the industry amid declining sales caused by COVID-19.“The dealers and distributors have to operate, otherwise we’ll keep producing but cannot sell any,” he said.Fitch Solutions also highlights that logistics, operational and political risks still pose challenges for automakers, as Indonesia’s score for each indicator is well below its peers in the region.Indonesia is noted to have higher logistics risk compared with other countries in the region, as well as suffering from an uncertain political environment as a result of the presence of separatist groups “that weigh on the government’s control of the country’s territory”, its research reads.Automaker PT Toyota Motor Manufacturing Indonesia director of administration, corporate and external relations Bob Azam confirmed that high logistics costs were an issue for automakers.“Logistics is indeed our issue for the foreseeable future, but with the government’s aggressiveness in developing infrastructure, ports, this logistics issue will be resolved step by step,” he said.Logistics account for 25 percent of the total production costs in Indonesia, higher than the average 10 percent to 15 percent in Malaysia, according to government data. In the World Bank’s 2018 Logistics Performance Index, Indonesia ranked 46th of 160 countries, behind neighboring Singapore, which ranked seventh.Bob also argued that while the current Indonesian auto workers’ wages were competitive compared with those of neighboring countries, they might eventually surpass those of other countries with the annual increases to match inflation and economic growth.“If we keep holding on to this calculation, maybe within five years the wages will surpass those of the other countries. This will be a factor of consideration for investment,” he said.Meanwhile, for the recovery from the current economic downturn, he said that the main challenge was to revive consumer purchasing power and the financial sector, as around 70 percent car buyers depend on financing.Topics :
The home at 2 Annie St, Camp Hill.“It’s a great space for entertaining,” Mr Smith said. “The ground level was designed that way.“We wanted the new owners to enjoy the space as an area to entertain family and friends, while keeping the bedrooms a quiet place to relax and unwind.” Inside 2 Annie St, Camp Hill.Owner Paul Smith bought 2 Annie St, Camp Hill, in August 2016 and immediately began restoring the 1920s-style home. “We’d been looking for an investment property in the area for some time,” Mr Smith said.“When we saw this, we knew straight away it was the right one.“It’s a great home in a great suburb.”More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020Inside 2 Annie St, Camp Hill.On the first level there is a large living room and four bedrooms, three with built-in robes. The fourth bedroom, the master suite, comes complete with large bay window, walk-in robe and ensuite with a stand-alone bathtub. REAL ESTATE: 2 Annie St, Camp HillTHIS two-level home has been beautifully renovated. Inside 2 Annie St, Camp Hill.Mr Smith said the home would suit a number of buyers. “Families, young professionals and those looking to downsize to low-maintenance living will enjoy the benefits of this home,” he said.“It’s comfortable, modern and inviting.” Inside 2 Annie St, Camp Hill.On the ground floor, there is a large open-plan living and dining space that opens out to a covered deck and two-car garage.There is also a kitchen, separate toilet and laundry with storage.
The Pension Protection Fund (PPF), the UK’s lifeboat fund, has set out its expectations for the next three years, suggesting it could reach £22bn (€27bn) in assets under management (AUM).By 2017, the fund will have grown from its current size of £15.6bn and seen the number of members grow from 204,000 to 280,000.The PPF said it saw 120 schemes transfer into the fund over the last financial year, which will be joined by 80 schemes this year, and 90 schemes each in the following two.Its expenditure on fund management fees is expected to rise from £85.4m to £120.6m, in line with its growth in AUM. It also confirmed it was on track to complete its funding mission of self-sufficiency, expected by 2030.Elsewhere, research conducted by the National Association of Pension Funds (NAPF) showed the recent changes announced in the Budget to DC at-retirement options would lead to growth in second-pillar savings.Some 28% of workers contacted by the lobby group said they were now more likely to start, or increase, saving in a pension scheme following the Budget.This compared to 3% who said they were less likely to save, or stop entirely.The research also highlighted potential issues for DC investment strategies, with a quarter (24%) saying they would take their entire pension in cash.However, 58% said they preferred to receive a regular income, such as an annuity.Some 19% agreed they would take the cash irrespective of whether they had other savings elsewhere, suggesting the number of pensioners choosing this route could be significantly higher than the government anticipates, the NAPF said.And finally, the monthly bulk annuity market monitor, produced by Aon Hewitt, showed pricing for both buyouts and buy-ins were better than 12 months previous.It also showed growth in assets would leave schemes in a much better position for a buyout than many trustees expected.However, it also argued the Budget had had little impact on bulk annuity pricing, despite expectations individual annuity providers would shift business towards the bulk space, potentially leading to a competitive lowering of prices.Authors of the report, Dominic Grimley and Paul Belok, said: “This will help to sustain competition in the bulk annuity market as demand from schemes rises.“We do not expect bulk annuity pricing to react materially in the short term, as the market is already competitive.”
Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy location is everything in real estate01:59 These are 2018’s best homes MORE: Online shopping trends are among the headwinds set to bombard retail property returns in the coming five years. Picture: AP Photo/Bebeto Matthews.Shoppers flocking to their couches for a bit of online retail therapy have property experts spooked, sending shivers through the latest five-year price forecasts. Retail was set to be the proverbial canary in the coal mine amid a fresh warning for commercial and industrial property investors to brace for lower returns in the coming half-decade.The siren was sounded by industry analyst and economic forecaster, BIS Oxford Economics in its latest Australian Property Outlook report out today.Author BIS Oxford Economics head of property Dr Frank Gelber expected post-GFC double-digit returns that the sectors have been enjoying to drop to single digits in the next five years.“Markets with low expectation of capital gain will soften first as buying pressure dries up,” he said. “Already, sentiment has turned against retail property, primarily for fear of growth in internet shopping. Other markets, too, are vulnerable.” Brisbane suburbs to watch in 2019 FOLLOW SOPHIE FOSTER ON FACEBOOK Retail, where the digital headwinds were, was also the sector most vulnerable to a shift in investor sentiment.Large format shopping centres were expected to ride it out better than traditional retail stores — with returns expected to halve to around 7.9 per cent on a five-year horizon. Still, it’s a big drop from the previous five years 16.7 per cent.The best performance for investors was expected to come from office markets with strong rental growth: Sydney (9.2 per cent internal rate of return IRR), Melbourne (7.7 per cent) and Canberra (6.1 per cent), according to Dr Gelber. All three though are a far cry from the 2013-2018 heyday where Sydney was 17.8 per cent, Melbourne 14.9 per cent and Canberra 10 per cent. More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours agoOffice markets in Melbourne, Sydney and Canberra were expected to be the best performers.“The weakest markets will be those which are cyclically exposed to weak leasing conditions. The Perth, Adelaide and Brisbane office markets will be vulnerable as investors come to realise how long it will take to absorb the oversupply of stock and the cost of re-leasing space in weak markets with high incentives. As investor interest dries up, softening yields will weaken prices and returns.”The good news for the sectors was that rising rents could add a soothing balm.“We can’t just put the money in cash. We have no choice but to allocate funds to the best available returns for given risk. Now we revert to leasing markets driving rents and hence capital growth and total returns. That brings the importance of demand and supply cycles back into play.”The most stable sector, according to the report, was expected to be “the currently less cyclical industrial markets”. “Expected total returns are solid rather than spectacular,” Dr Gelber said. “But risk of oversupply is low.”He acknowledged that “investment is becoming harder as the tailwind from falling bond rates turns into a headwind, and as the leasing and property cycles turn.”
LNG World News Staff Kochi LNG storage tanks (Image courtesy of Petronet LNG)India is reportedly planning to add 11 more liquefied natural gas (LNG) import terminals as the country is boosting the share of gas in its energy mix.The country currently imports LNG via four facilities, namely Petronet’s Dahej and Kochi LNG terminals, Shell’s Hazira plant, and the Dabhol terminal operated by Ratnagiri Gas and Power. It imported almost 20 million tonnes last year.India plans to more than double the share of natural gas in its energy mix to 15 percent by 2022 from about 6.5 percent now.To realize this plan, over the next seven years the government plans to raise regasification capacity to 70 million tonnes per year, Reuters reported on Wednesday citing Narendra Taneja, spokesman for the ruling Bharatiya Janata Party (BJP) as saying.India would eventually require even more than 15 LNG import terminals to meet its demand, the report said.The 70 million-tonnes-a-year target a few years later would mean India would need to import more than China took last year via both pipelines and tankers, and it would put India close to what top importer Japan currently buys.As part of its drive to reduce pollution, Taneja said the government was encouraging Indian railway companies and LNG importers to look at fuelling trains by LNG instead of diesel.India also wants to become a hub for supplying ships that run on LNG, with plans to build more facilities like a fuelling station at Kochi port, Taneja said.